How sovereign is DCM SSA?

Hi all,

I’m very interested in macro, sovereign finance, and public sector-related stuff, and I’m trying to understand how well DCM SSA actually aligns with these interests. I'm also interested in fixed income so initially I thought DCM SSA would be a perfect fit.

But from what I’ve seen, banks often recruit jointly for DCM SSA and DCM corporate, which makes me wonder how different the day-to-day work really is. Considering that based on my understanding of the job, I would not like DCM corporate at all.

I’m not interested in equity or corporate finance (M&A, corporate treasury, etc).  I’m much more drawn to macro and sovereign-related topics. 

So I had three questions:

• How “sovereign” is DCM SSA in practice ?
• For the recruiting process, how big DCM SSA are ? Do they always recruit jointly with DCM Corporate ? What do they expect from candidates (fixed income, coporate finance, macroeconomics) ?
• What are the typical exit opportunities ? Is it possible to move to sovereign advisory, macro research, think tanks? 

I’ve seen exits into treasury on the client side mentioned, which honestly doesn’t appeal to me at all, so I’m trying to get a clearer picture.